EXCLUSIVE AND INCLUSIVE THEORIES OF PROPERTY-RIGHTS - REJOINDER TO HORNE

Contrary to Thomas Horne's propensity to consider arguments concerning property rights and poverty as exclusive and self-contained topics wi thin the political discourse of liberalism, they should be seen as par t of the defense of democratic and market institutions that is central to the historical development of liberalism. The problems arising fro m the relationship of property rights to poverty, therefore, need to b e included in any assessment of the success or failure of the institut ions of a democratic market society to realize their objectives.